Geneos Wealth Management Inc. Grows Position in Capital Group Growth ETF $CGGR

Geneos Wealth Management Inc. grew its holdings in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 19.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 771,867 shares of the company’s stock after purchasing an additional 125,356 shares during the quarter. Capital Group Growth ETF comprises approximately 0.8% of Geneos Wealth Management Inc.’s portfolio, making the stock its 16th biggest holding. Geneos Wealth Management Inc. owned 0.22% of Capital Group Growth ETF worth $31,376,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Banco de Sabadell S.A bought a new position in Capital Group Growth ETF in the 2nd quarter worth approximately $47,000. Trust Co. of Vermont purchased a new stake in shares of Capital Group Growth ETF during the second quarter worth $51,000. Beacon Capital Management LLC purchased a new stake in shares of Capital Group Growth ETF during the second quarter worth $77,000. WFA of San Diego LLC bought a new position in shares of Capital Group Growth ETF in the second quarter worth $81,000. Finally, Chilton Capital Management LLC grew its position in shares of Capital Group Growth ETF by 100.3% in the second quarter. Chilton Capital Management LLC now owns 3,097 shares of the company’s stock valued at $126,000 after purchasing an additional 1,551 shares in the last quarter.

Capital Group Growth ETF Stock Performance

Shares of CGGR opened at $44.14 on Friday. Capital Group Growth ETF has a 52-week low of $29.23 and a 52-week high of $45.83. The stock’s 50-day simple moving average is $44.06 and its 200 day simple moving average is $42.37. The stock has a market capitalization of $17.68 billion, a price-to-earnings ratio of 30.88 and a beta of 1.17.

Capital Group Growth ETF Company Profile

The Capital Group Growth ETF (CGGR) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests predominantly in US companies of any market capitalization. The fund seeks to provide capital growth. CGGR was launched on Feb 22, 2022 and is managed by Capital Group.